8 West Burlington Avenue

La Grange, IL 60525

$3,500,000
Price
9
Beds
6
Baths
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible turnkey investment property featuring 6 luxury apartments + ground floor retail space that is currently leased to an upscale home furnishings store. The building is in a prime location in La Grange's Downtown Central Business District across the street from the Metra station and in close proximity to restaurants, bars, coffee shops, and retail. The area gets heavy foot traffic from the train station and nearby businesses and has high visibility from La Grange Rd. Completely rebuilt in...Incredible turnkey investment property featuring 6 luxury apartments + ground floor retail space that is currently leased to an upscale home furnishings store. The building is in a prime location in La Grange's Downtown Central Business District across the street from the Metra station and in close proximity to restaurants, bars, coffee shops, and retail. The area gets heavy foot traffic from the train station and nearby businesses and has high visibility from La Grange Rd. Completely rebuilt in 2015, the apartments feature high-end condo quality finishes including Hardwood white oak flooring, Italian cabinetry, quartz countertops, Bosch appliances, in-unit W/D, & custom closets. Each unit has its own mechanicals and pays for their own heat, AC, and gas. Parking conveniently located in public lot at the west end of the block. Overnight permits are $45/month for 1st car, $65/month for 2nd car, and $20/month for daytime parking for retail store.
  1. Listed by Conor Scanlon • Jameson Sotheby's International Realty
  2. Listed by Mimi Collins • Jameson Sotheby's International Realty

Property Details for 8 West Burlington Avenue

Area
La Grange
Zoning
MULTI

Location

Listing Courtesy of Jameson Sotheby's International Realty
Add your commute
LISTING UPDATED: 04/23/2024 09:16 PM

Property Details for 8 West Burlington Avenue

StatusPrice Change
MLS #11945223
Days on Market138
Taxes$30,216 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1904
Lot Size0.08 AC / 3,403 SF
CountyCook County

Location

Listing Courtesy of Jameson Sotheby's International Realty
Add your commute

Building Information for 8 West Burlington Avenue

Stories-Residences7Year Built1904Building Size-Lot Size0.08 AC / 3,403 SF

Payment Calculator

$21,619 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$2,518

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8 West Burlington Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: Public Lot,Parking-Street
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • # Of Washers: 6
  • Basement Description: Unfinished, Storage Space
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 6
  • # Of Disposals: 6
  • # Of Dishwashers: 6
  • Num of Baths: 6.2
Exterior Features
  • Building Unit Info: Fire Alarm,Security System,Smoke/Alarm Detector,Sprinkler System,Storage/Locker Area
Utilities / Equipment
  • Utilities: Water-Municipal, Cable Available
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 32 X 119
  • Lot Size Square Feet: 3403.0
  • Stories: 3
  • Exterior Building Type: Limestone
  • Construction: Brick
  • Fire Protection: Alarm Monitored,Sprinklers,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 53
Miscellaneous
  • Location: Central Business District,Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,024.00
  • Fuel Expense: $.00
  • Gross Income: $260,100.00
  • Gross Scheduled Income: $260,100.00
  • Insurance Expense: $3,891.00
  • Maintenance Expense: $4,127.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2023
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 21675
  • Water Expense Source: Actual
  • Net Operating Income: $211,235.00
  • Operating Expense: $48,865.00
  • Other Expense: $4,758.00
  • Trash Expense: $1,568.00
  • Water Sewer Expense: $2,621.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8 West Burlington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8 West Burlington Avenue

Taxable ValueLand$5,104Additions$95,393Total$100,497
Tax Record2022$30,217 ($2,518 / month)
Home Facts
Lot Size3,403 SqFtStyleStoresYear Built1901CountyCOOKAPN18-04-123-016

Schools near 8 West Burlington Avenue

This home is within La Grange School District 102.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Cossitt Ave Elementary School
PublicK to 6

Park Junior High School
Public7 to 8

Lyons Twp High School
Public9 to 12

St Johns Lutheran School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

8 West Burlington Avenue is a multi-family home for sale in La Grange, IL 60525. This property was listed for sale on December 12, 2023 by Jameson Sotheby's International Realty, it's currently listed at $3,500,000. It has been on the market for a total of 138 days and was last sold on December 17, 2013. This listing's school districts are La Grange School District 102, Lyons Twp Hsd 204 School District. Nearby schools include Cossitt Ave Elementary School, Park Junior High School and Lyons Twp High School. 8 West Burlington Avenue is a 9-bed, 7-bath, multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jameson Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.